Price T Rowe Associates Inc. MD Purchases 2,361 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Price T Rowe Associates Inc. MD grew its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,780 shares of the bank’s stock after purchasing an additional 2,361 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.21% of Flushing Financial worth $1,011,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Flushing Financial by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,755,762 shares of the bank’s stock valued at $25,072,000 after buying an additional 36,845 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Flushing Financial by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 1,734,753 shares of the bank’s stock worth $24,772,000 after acquiring an additional 214,195 shares during the last quarter. American Century Companies Inc. increased its position in Flushing Financial by 23.3% during the fourth quarter. American Century Companies Inc. now owns 617,687 shares of the bank’s stock worth $8,821,000 after acquiring an additional 116,819 shares during the period. Patriot Financial Partners GP LP acquired a new position in Flushing Financial during the 4th quarter valued at $6,783,000. Finally, Prudential Financial Inc. boosted its holdings in Flushing Financial by 15.5% in the 4th quarter. Prudential Financial Inc. now owns 431,946 shares of the bank’s stock valued at $6,168,000 after purchasing an additional 57,900 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Insider Transactions at Flushing Financial

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total value of $87,856.00. Following the sale, the executive vice president now directly owns 32,336 shares in the company, valued at $417,781.12. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.31% of the stock is currently owned by insiders.

Flushing Financial Stock Performance

Shares of NASDAQ FFIC opened at $12.77 on Friday. The firm has a market capitalization of $431.33 million, a price-to-earnings ratio of -12.64 and a beta of 0.81. Flushing Financial Co. has a one year low of $10.65 and a one year high of $18.59. The business has a fifty day simple moving average of $12.37 and a 200 day simple moving average of $14.40. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. The company had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $55.38 million. Sell-side analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date was Friday, March 14th. Flushing Financial’s payout ratio is -61.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Thursday.

Flushing Financial Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.